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Envestnet Inc

ENV: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$59.00HcxycvVbdrhctx

Envestnet: Media Reports Indicate It Is Receiving Takeover Interest

On April 16, Reuters reported that Envestnet is exploring a potential sale of itself and has been working with investment bank Morgan Stanley. As a result, the firm’s shares rose 9.3% versus a 0.2% decline in the Morningstar US Market Index.

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